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2423 W Campbell Ave 7,566 SF Industrial Building Phoenix, AZ 85015 $795,000 ($105.08/SF)
Investment Highlights
- Versatile property configuration allowing multiple income streams across residential and commercial uses
- Tenant-occupied residence offering built-in accessibility and independent operation for care, office, or rental use
- Distinctive on-site bomb shelter contributing unique functional and marketing value
- Immediate access to Interstate 17 enabling efficient distribution and regional connectivity
- Open-plan warehouse with grandfathered upholstery shop approval supporting light commercial activity
- Strong surrounding demographics and proximity to Grand Canyon University and downtown Phoenix fueling long-term demand [attachment...140619.473 | PDF]
Executive Summary
This rare multi-use opportunity at 2423 West Campbell Avenue places investors and owner-users in the heart of central Phoenix with immediate connectivity to Interstate 17, one of Arizona’s most important transportation corridors. The property combines residential, commercial, and specialty structures on a well-situated parcel, creating a flexible asset capable of supporting multiple income streams. Its strategic location allows rapid access to I-10 and Loop 101, optimizing distribution efficiencies and enabling seamless reach across the greater Phoenix region and beyond. Nearby demand drivers include Grand Canyon University, with an enrollment of approximately 100,000 students, and the rapidly expanding core of downtown Phoenix, visited by roughly 46 million people each year.
The offering includes a tenant-occupied single-family home that previously operated as a licensed care facility, featuring wide doorways, built-in accessibility, and independent fencing that allows the residence to function autonomously or convert to professional office use. The well-maintained warehouse provides open-span functionality suited for light commercial activity and benefits from a grandfathered approval for an upholstery shop, while the zoning designation may allow for multifamily adaptation. A unique 309 SF bomb shelter introduces an additional layer of distinctiveness and utility.
The combination of strong area demographics, steady rental demand, and broad utility across asset types makes this a particularly compelling acquisition within a high-growth market. Daytime populations within a five-mile radius exceed 770,000 residents, supported by average household incomes nearing six figures. These dynamics reinforce long-term income durability for investors while offering exceptional flexibility for owner-users seeking a centrally located operational base. As an offering represented by ORION Investment Real Estate, this property benefits from experienced local brokerage expertise and a proven market presence.
The offering includes a tenant-occupied single-family home that previously operated as a licensed care facility, featuring wide doorways, built-in accessibility, and independent fencing that allows the residence to function autonomously or convert to professional office use. The well-maintained warehouse provides open-span functionality suited for light commercial activity and benefits from a grandfathered approval for an upholstery shop, while the zoning designation may allow for multifamily adaptation. A unique 309 SF bomb shelter introduces an additional layer of distinctiveness and utility.
The combination of strong area demographics, steady rental demand, and broad utility across asset types makes this a particularly compelling acquisition within a high-growth market. Daytime populations within a five-mile radius exceed 770,000 residents, supported by average household incomes nearing six figures. These dynamics reinforce long-term income durability for investors while offering exceptional flexibility for owner-users seeking a centrally located operational base. As an offering represented by ORION Investment Real Estate, this property benefits from experienced local brokerage expertise and a proven market presence.
Property Facts
| Price | $795,000 | No. Stories | 1 |
| Price Per SF | $105.08 | Year Built | 1959 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 10’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.51 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 7,566 SF | ||
| Zoning | R-5 - R-5 | ||
| Price | $795,000 |
| Price Per SF | $105.08 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.51 AC |
| Rentable Building Area | 7,566 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 1.06/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | R-5 - R-5 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Property Taxes
| Parcel Number | 154-17-032 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $51,084 |
Property Taxes
Parcel Number
154-17-032
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$51,084
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